Starting a small business takes a lot of time, energy, and most importantly, money. The ongoing COVID-19 pandemic has also made it worse for Black-owned business owners to support themselves. Luckily, there are resources and grants available that Black entrepreneurs can apply for today.
FedEx Small Business Grant Contest
Applicants must be at least 18 years old. There can be no more than 99 employees on the payroll and applicants must live in the United States. Third place winners receive $15,000. Second place winners receive $30,000. The Grand Prize winners receive $50,000.
Apply here: https://www.fedex.com/en-us/small-business/grant-contest.html
Coalition to Back Black Businesses Fund
The novel coronavirus pandemic has wreaked havoc on small Black-owned businesses. In order to combat this crisis, The Coalition to Back Black Business is offering $5,000 to at least 300 small business owners. Applicants must have between 3-20 employees and been financially impacted by the COVID-19 pandemic. The application opens September 2021.
Apply here: https://webackblackbusinesses.com
Black Girl Ventures
Black Girl Ventures helps to fund and scale businesses owned by people who identify as Black/Brown women. They pledge to accelerate 100,000 Black and Brown women-identifying entrepreneurs.
Apply here: https://www.blackgirlventures.org
Grants.gov
Grants.gov is a database that connects entrepreneurs to a plethora of grants available to them. There are hundreds of grants on the site that are catered to Black entrepreneurs.
Website: https://www.grants.gov/web/grants/search-grants.html
HUBzone Program
This program is run by the U.S. Small Business Administration and seeks to help businesses in historically underserved business zones. It is their goal to reward at least 3% of federal contract dollars to members of the program.
Apply here: https://www.sba.gov/federal-contracting/contracting-assistance-programs/hubzone-program
We Buy Black Intern Writer
Elisa Tilley
Hello! My name is Elisa Tilley. I am a sophomore English major with a minor in Writing from New York. I’m passionate about using language as a tool for social justice and advocacy. I’m excited to be working with We Buy Black and I can’t wait to use my skills to bring awareness to Black-owned businesses.
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